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Queen Creek's funding mechanism for water gets solid rating
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Queen Creek's funding mechanism for water gets solid rating
By Queen Creek Independent Standard & Poor’s and Fitch Ratings have both assigned an “AA” rating to Queen Creek’s certificates of participation to purchase 1.2-million-acre feet of water over 100 years from the Harquahala Valley basin for more than $244 million. S&P and Fitch Ratings also affirmed the town’s issuer credit rating at “AA+,” “one notch below the highest possible rating, with a stable outlook,” according to a town press release. The…
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